IS THE CREDIT SCORE YOU BOUGHT THE SAME CREDIT SCORE SOLD TO LENDERS?

Does the credit score you purchased differ from the credit score provided to creditors?  The Consumer Financial Protection Bureau (CFPB) says yes!  According to a CFPB study, 20% of the scores sold to consumers have a meaningful difference in score with the credit score sold to lenders.  The CFPB also concluded the difference in score may … Continue reading IS THE CREDIT SCORE YOU BOUGHT THE SAME CREDIT SCORE SOLD TO LENDERS?

ID THEFT NEWS – WEEKLY UPDATE

We represent victims of identity theft across the country. Identity theft is an epidemic, especially in the South. Few identity thieves are arrested and convicted. What can consumers do to protect their credit reports and their reputation? Federal law provides identity theft victims with rights under the Fair Credit Reporting Act (FCRA). Under federal law, identity … Continue reading ID THEFT NEWS – WEEKLY UPDATE

HOW DO I DISPUTE CREDIT REPORT ERRORS?

The most frequent question I receive is - How do I dispute credit report errors?    The answer may not be what you think it is.  Most consumers think that they should dispute the inaccurate item to the company providing the incorrect information to Equifax, Experian or Trans Union, but that is not the best practice. … Continue reading HOW DO I DISPUTE CREDIT REPORT ERRORS?

OFAC ALERT – HAVE YOU APPLIED FOR CREDIT AND BEEN DENIED?

Have you applied for credit and been denied because your credit report had a OFAC alert?  Keep reading....An OFAC alert is an alert given to your potential creditors (landlords, car dealers, credit card companies) when your name matches a name on the Treasury Department's Office of Foreign Assets Control (OFAC) watch list.  The persons named on the OFAC list are … Continue reading OFAC ALERT – HAVE YOU APPLIED FOR CREDIT AND BEEN DENIED?

RESOLVE TO BE AN INFORMED CONSUMER

As you jot down your list of resolutions for 2012, why not consider a few to help you become more empowered in the marketplace? The Federal Trade Commission (FTC) and other NCPW partner agencies and organizations, offer free resources on a variety of topics to help you make informed consumer decisions.  In fact, there’s pretty … Continue reading RESOLVE TO BE AN INFORMED CONSUMER

MILITARY IDENTITY THEFT TIPS

MILITARY PERSONNEL & FAMILIES FIGHTING BACK AGAINST IDENTITY THEFT Active Duty Alerts: If you are deployed away from your usual duty station and do not expect to seek new credit while you are deployed, consider placing an “active duty alert” on your credit report. An active duty alert requires creditors to take steps to verify … Continue reading MILITARY IDENTITY THEFT TIPS

BANK OF AMERICA SETTLES CLASS ACTION FOR $335 MILLION

Bank of America (BOA) has agreed to pay $335 million to settle a lawsuit alleging BOA charged different rates for home loans based on “race or national origin.”  The lawsuit claims Countrywide Financial Corp., owned by Bank of America, charged higher fees to “black and Hispanic borrowers.”  The settlement will affect more than 200,000 borrowers. … Continue reading BANK OF AMERICA SETTLES CLASS ACTION FOR $335 MILLION

200,000 RESTAURANT DEPOT CUSTOMERS AT RISK FOR IDENTITY THEFT

200,000 Restaurant Depot and Jetro Cash & Carry customers are at risk for identity theft after Russian hack attack.  According to its CEO, Stanley Fleishman, the identity thieves are based in Russia and accessed Restaurant Depot’s network through the Internet.  Once inside the network, hackers downloaded magnetic stripe data from customers’ credit and debit cards.  … Continue reading 200,000 RESTAURANT DEPOT CUSTOMERS AT RISK FOR IDENTITY THEFT

ID THEFT RING BROKEN UP BY TENNESSEE TROOPERS

Carlton Lewis, 25, was sentenced to almost 6 years in prison for his involvement in a Southeastern identity theft ring.  Lewis was about to receive a doctorate degree from the University of Georgia when he was arrested in Tennessee in March 2011.  Lewis was first charged with a DUI, but federal law enforcement helped build … Continue reading ID THEFT RING BROKEN UP BY TENNESSEE TROOPERS

FLORIDA CONSUMER VICTIM OF IDENTITY THEFT

A St. Cloud Florida consumer is a victim of identity theft. Cindy Ley's debit card was used without her permission to make purchases at a Walgreen's store and to purchase a trip to Pennsylvania. The identity thief charged over $1,000 on her bank account, although Ms. Ley still had her debit card! Ms. Ley has … Continue reading FLORIDA CONSUMER VICTIM OF IDENTITY THEFT